torrance real estate market conditions - november 2014

8/10/2019 Torrance Real Estate Market Conditions - November 2014

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TorranceResidential Real Estate

Market ConditionsNovember 2014
http://hhcrealestate.com/


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Table ofContents

Key Statistics for November

Sales

2014 Residential Sales Stats

Year-to-Year Total Sales by Map Area

Median

2014 Median Sales Stats

Year-to-Year Median Sales by Map Area

Listings2014 Active Listings by Map Area

2014 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area

Inventory

2014 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for December

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Contact Information
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Key Statistics for November

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 91 74 -17 -18.7%

Median Sales Price 628,000 610,000 (18,000) -2.9%

Median Days to Sell 36 48 12 33.3%

Listings 199 170 -29 -14.6%

Sales/Listing Ratio 45.7% 43.5% -2.2% -4.8%

Months of Inventory 2.2 2.3 0.1 4.5%

Monthly Comparison Year-to-Year Nov 2013 Nov 2014 Delta Delta Increase Decrease

Total Sales 69 74 5 7.2%

Median Sales Price 565,000 610,000 45,000 8.0%


Listings 179 170 -9 -5.0%

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Total Sales Month-to-Month by Map Area Sep Oct Nov

Central Torrance 17 18 13

South East Torrance - West 3 5 7

Hollywood Riviera 6 15 9

South Torrance 7 8 2

Southwood 5 5 3

West Torrance 6 5 8N Torrance - West 7 11 10

N Torrance - East 3 8 6

Old Torrance 14 9 8

South East Torrance - East 7 7 8

Total Sales 75 91 74

0

10

20

30

40

50

60

70

80

90

100

Sep Oct Nov

2014 Total Sales Month-to-Month by Map Area

Central Torrance

South East Torrance - West

Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance

South East Torrance - East

Total Sales


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Total Sales Year-to-Year by Map Area 2012 2013 2014





Southwood 3 5 3



Old Torrance 6 9 8


Total Sales 86 69 74

0

10

20

30

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60

70

80

90

2012 2013 2014

Total Sales Year-to-Year by Map Area: November

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Total Sales


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Median Sales Price Month-to-Month by Map Area Sep Oct Nov

Central Torrance 525,000 519,000 651,000

South East Torrance - West 379,000 780,000 475,000

Hollywood Riviera 1,120,500 999,000 1,080,000

South Torrance 825,000 748,750 1,132,500

Southwood 750,000 725,000 765,000

West Torrance 791,000 705,100 694,250N Torrance - West 544,000 590,000 573,500

N Torrance - East 550,000 569,500 534,375

Old Torrance 565,000 510,000 575,250

South East Torrance - East 569,000 695,000 609,500

Market Median Sales Price 616,000 628,000 610,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Sep Oct Nov

2014 Median Sales Price Month-to-Month by Map Area

Central Torrance


Hollywood Riviera

South Torrance

SouthwoodWest Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price


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Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Central Torrance 530,000 550,250 651,000

South East Torrance - West 300,500 367,500 475,000

Hollywood Riviera 879,000 910,000 1,080,000

South Torrance 694,500 - 1,132,500

Southwood 685,000 760,000 765,000

West Torrance 649,000 708,000 694,250N Torrance - West 427,000 540,000 573,500

N Torrance - East 453,500 490,000 534,375

Old Torrance 414,500 443,000 575,250

South East Torrance - East 436,500 665,000 609,500

Market Median Sales Price 539,500 565,000 610,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sales Price Year-to-Year by Map Area: November

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - East

Old Torrance


Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 17 18 25 26 32 36 37 30 29 26 25

South East Torrance - West 9 9 8 6 15 17 20 13 18 21 22

Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 13South Torrance 8 13 17 17 14 18 18 17 15 14 16

Southwood 4 4 4 7 12 12 7 6 3 7 8

West Torrance 10 10 11 15 16 13 14 15 14 13 11

N Torrance - West 20 19 23 26 18 23 22 26 34 27 23

N Torrance - East 7 8 10 6 7 12 14 9 14 15 9

Old Torrance 18 16 19 25 38 39 41 42 36 37 28

South East Torrance - East 12 13 15 21 25 26 16 22 16 17 15

Total Active Listings 119 123 150 166 200 219 220 204 202 199 170

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5

10

15

20

25

30

35

40

45

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - West

N Torrance - EastOld Torrance




Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 17 18 25 26 32 36 37 30 29 26 25

South East Torrance - West 9 9 8 6 15 17 20 13 18 21 22

Hollywood Riviera 14 13 18 17 23 23 31 24 23 22 13

South Torrance 8 13 17 17 14 18 18 17 15 14 16

Southwood 4 4 4 7 12 12 7 6 3 7 8

West Torrance 10 10 11 15 16 13 14 15 14 13 11

N Torrance - West 20 19 23 26 18 23 22 26 34 27 23

N Torrance - East 7 8 10 6 7 12 14 9 14 15 9

Old Torrance 18 16 19 25 38 39 41 42 36 37 28

South East Torrance - East 12 13 15 21 25 26 16 22 16 17 15

Total Active Listings 119 123 150 166 200 219 220 204 202 199 170

Total Sales 60 63 77 74 94 73 106 98 75 91 74

Sales/Listings Ratio 50.4% 51.2% 51.3% 44.6% 47.0% 33.3% 48.2% 48.0% 37.1% 45.7% 43.5%

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50

100

150

200

250


2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014





Southwood 6 5 8



Old Torrance 21 34 28


Total Active Listings 180 179 170

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20

40

60

80

100

120

140

160

180

2012 2013 2014

Active Listings Year-to-Year by Map Area: November

Central TorranceSouth East Torrance - WestHollywood RivieraSouth TorranceSouthwoodWest TorranceN Torrance - WestN Torrance - EastOld TorranceSouth East Torrance - EastTotal Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Central Torrance 2.1 2.6 2.5 2.6 1.5 3.6 1.6 1.8 1.7 1.4 1.9

South East Torrance - West 1.3 3.0 1.3 2.0 7.5 3.4 10.0 1.3 6.0 4.2 3.1Hollywood Riviera 2.3 1.3 3.0 1.7 3.3 2.6 2.2 1.3 3.8 1.5 1.4

South Torrance 2.0 2.6 2.4 1.9 2.0 3.0 1.6 3.4 2.1 1.8 8.0

Southwood 1.0 1.3 1.0 2.3 4.0 3.0 0.9 1.2 0.6 1.4 2.7

West Torrance 1.1 2.0 1.6 3.8 1.2 1.4 1.6 3.0 2.3 2.6 1.4

N Torrance - West 1.8 1.7 1.9 1.9 1.2 2.6 1.2 2.4 4.9 2.5 2.3

N Torrance - East 7.0 4.0 1.4 0.8 0.7 3.0 2.8 1.1 4.7 1.9 1.5

Old Torrance 2.0 1.2 2.7 3.1 4.8 3.9 5.1 3.5 2.6 4.1 3.5

South East Torrance - East 12.0 3.3 1.4 4.2 3.6 3.7 2.0 3.1 2.3 2.4 1.9

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2.0

4.0

6.0

8.0

10.0

12.0


2014 Months of Inventory by Map Area

Central Torrance


Hollywood Riviera

South Torrance

Southwood

West Torrance

N Torrance - WestN Torrance - East

Old Torrance




Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 3.7 5.4 3.2 3.3 3.0 3.0 2.7 2.8 2.4 2.1 2.1 1.8

2013 2.6 2.7 1.5 1.6 1.8 2.0 1.9 2.2 2.0 2.3 2.0 1.0

2014 2.0 2.0 2.0 2.2 2.1 3.0 2.1 2.1 2.7 2.2 2.3

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1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory Year-to-Year

2012

2013

2014


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Outlook for October

As expected the Torrance real estate market trended downward in November with negative statsreported for total sales, market median sales price, active listings, and the sales/listing ratio.

Fortunately this performance behavior is most likely explained by the holiday season and consumers

diverting their attention to family, friends, and vacationing. Accordingly, it is reasonable to predict

similar market stats once December comes to an end.

Nevertheless, as mortgage money remains relatively cheap buyers should act before it is too late. In

fact, this week Reuters reported the Feds intentions to raise interest rates sometime in 2015. Seehttp://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205 . As for

those property owners on the fence about selling, consider the consequences to market prices once

the Fed takes action to raise interest rates. For questions, please do not hesitate to contact me. I

thoroughly enjoy helping people realize their dreams.

Your recap


Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 91 74 -17 -18.7%

Median Sales Price 628,000 610,000 (18,000) -2.9%


Listings 199 170 -29 -14.6%

Sales/Listing Ratio 45.7% 43.5% -2.2% -4.8%

http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205http://www.reuters.com/article/2014/12/05/us-usa-fed-mester-idUSKCN0JJ24620141205http://hhcrealestate.com/http://hhcrealestate.com/


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About

Hady Chahine


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of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal

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torrance real estate market conditions - november 2014

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